• Woodward average pre-tax profit margin for 2023 was 9.1%, a 5.57% increase from 2022.
• Woodward average pre-tax profit margin for 2022 was 8.62%, a 21.42% increase from 2021.
• Woodward average pre-tax profit margin for 2021 was 10.97%, a 2.92% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.